Terms of Service
Luckyminers is a crytocurrency mining pool, that allows individual miners to pool their computing power to mine cryptocurrencies more effectively.
Cryptocurrency Mining and Cryptocurrency Farming are referenced as “Cryptocurrency Mining” below.
Mining of cryptocurrencies is a process, in which miners perform mathematical operations to verify and add transactions in a form of blocks to the public cryptocurrency ledger (the blockchain).
When someone sends cryptocurrency anywhere, it’s called a transaction. When a miner successfully verifies a block of transactions, the miner is rewarded with a block reward and the transaction fees from the transactions included in such a block.
Transaction fees are the fees that other users of the cryptocurrency network pay to have their transaction verified by miners.
The mining pool allows miners to pool their computing power and then share the received rewards and transaction fees proportionally, so that the miners are rewarded on a more consistent basis.
When you connect your device to the pool and let Luckyminers know that you would like to start mining, Lyckyminers will then assign you a particular computing power intensive task and you will then use your hardware to perform the assigned task and to communicate the solution to Luckyminers. Luckyminers may at any time decide not to use your computing power (to refuse it) without having to give a reason.
You may at any time choose to stop mining with Luckyminers by replacing Luckyminers Pool URL with another URL in your miner config. You agree that you are responsible for obtaining any necessary information on tax and other similar obligations that you have in relation with mining cryptocurrencies. Luckyminers is not responsible neither for obtaining such information for you, nor for compliance with such obligations.
You agree not to abuse, hack, attempt to hack, or take any other hostile action on (for example, block withholding attack, botnet attack, etc.) any of Luckyminers mechanisms, processes, mistakes, bugs or imperfections in programming or errors in the respective cryptocurrency network to take advantage of or disadvantage any miners, or to disrupt the operation or the availability of the pool.